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BUSINESS

Bid to hasten Covid payouts

Business, Wichit Chantanusornsiri, Published on 13/02/2023

» The Finance Ministry plans to speed up the payment of lump sum claims from Covid-19 policyholders of four dissolved non-life insurance companies, says permanent finance secretary Krisada Chinavicharana.

BUSINESS

Exim Bank set to expand BCG loans

Business, Wichit Chantanusornsiri, Published on 31/01/2023

» Export-Import Bank of Thailand (Exim Bank) aims to expand the proportion of loans it extends to businesses conforming to the bio, circular and green economy (BCG) model to 50% of its anticipated total outstanding loans in the next three years from the current level of 28%.

BUSINESS

Thai Credit Guarantee Corporation targets B120bn of loan guarantees

Business, Wichit Chantanusornsiri, Published on 02/02/2023

» State-owned Thai Credit Guarantee Corporation (TCG) has set a loan guarantee target of 120 billion baht for this year, says general manager Sittikorn Direksoonthorn.

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BUSINESS

Finance Ministry keen on balanced budget

Business, Wichit Chantanusornsiri, Published on 03/02/2023

» The Finance Ministry expects a more focused reform of both revenue collection and expenditure to achieve a balanced budget in the next decade, says the ministry's permanent secretary Krisada Chinavicharana.

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BUSINESS

Customs clarifies inspection policy

Business, Wichit Chantanusornsiri, Published on 06/02/2023

» Customs Department deputy director-general Phantong Loykulnanta has emphasised customs officials will not conduct personal inspections of arriving foreign tourists at airports, even if they are carrying or wearing multi-million-baht personal items.

BUSINESS

State NSF offerings to rise by B2bn

Business, Wichit Chantanusornsiri, Published on 27/01/2023

» The government is expected to spend between 1.8 billion and 2 billion baht per year on higher contributions to National Savings Fund (NSF) members, says Finance Minister Arkhom Termpittayapaisith.

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BUSINESS

FPO maintains Thai GDP growth forecast

Business, Wichit Chantanusornsiri, Published on 28/01/2023

» The Fiscal Policy Office (FPO) has maintained its Thai economic growth forecast this year at 3.8%, in line with the continued rebound of the tourism sector and declining inflation.

BUSINESS

Ministry to pilot utility bill data sandbox

Business, Wichit Chantanusornsiri, Published on 24/01/2023

» The Finance Ministry will test in a sandbox the use of utility bill data by small and medium-sized enterprises (SMEs) to support their applications for new loans from state-owned financial institutions, said Chuenchob Kongudom, vice-minister to the Prime Minister.

BUSINESS

Arkhom targets balanced budget with tax reforms

Business, Wichit Chantanusornsiri, Published on 25/01/2023

» The Finance Ministry aims to achieve a balanced budget in a decade by improving its tax collection efficiency and expanding the tax base, says Minister Arkhom Termpittayapaisith.

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BUSINESS

GSB still backing low-income borrowers

Business, Wichit Chantanusornsiri, Published on 25/01/2023

» Government Savings Bank (GSB) plans to continue to help low-income borrowers access loans this year on a fair borrowing cost basis through its newly launched mortgage subsidiary and its existing digital lending application, says president Vitai Ratanakorn.